Question
Question: C & C Sports Continuing Problem 4-31 (Part Level Submission)C&C Sports has determined the following unit costs for each of its products: Pants Jerseys
Question:C & C Sports Continuing Problem 4-31 (Part Level Submission)C&C Sports has determined the following unit costs for each of its products:
| Pants | Jerseys | Jackets | |
| Direct materials | $4.47 | $6.85 | $44.72 |
| Direct labor | 2.40 | 1.92 | 14.40 |
| Manufacturing overhead | 3.00 | 2.40 | 18.00 |
| Total unit cost | $9.87 | $11.17 | $77.12 |
| Sales price per unit | $12.00 | $14.80 | $125.00 |
On May 31, C&C Sports' Work in Process Inventory consisted of the following items:
| Job | Units | Accumulated Cost |
| PA-1247Pants | 100 | $717 |
| JE-1397Jerseys | 200 | 1802 |
| JA 426Jackets | 50 | 3046 |
| $5565 |
|
During June, a total of $191591 in direct materials and $74208 in direct labor costs were incurred. Units finished and sold during June were as follows:
Product Units Finished/Units Sold Pants 13500 /14000 Jerseys 3200 /3100 Jackets 2500 /2500
QUESTIONS:
(f) Calculate gross profit for June. $________________
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
